VAT Flat rate scheme

[r2d2]

hi, to all that are on the flat rate scheme what percentage and sector did you go for. the closest one i could see was 'forestry' @ 8% but i dont want to be paying to much or little if i dont have too.

 

It says on the letter that they (HMRC) dont normally check weather your on the right percentage when you apply but if im not on the right one then they can fine me, however i dont see a sector for tree surgery. closest was forestry.

 

Thanks for any help.

 

[skyhuck]

hi, to all that are on the flat rate scheme what percentage and sector did you go for. the closest one i could see was 'forestry' @ 8% but i dont want to be paying to much or little if i dont have too.

 

It says on the letter that they (HMRC) dont normally check weather your on the right percentage when you apply but if im not on the right one then they can fine me, however i dont see a sector for tree surgery. closest was forestry.

 

Thanks for any help.

 

 

Thats the one I went for, or should I say my accountant went for.

[r2d2]

ah thats good to hear.

 

does the % change when the VAT goes back to 17.5%?

[skyhuck]

Yes 1% I think.

[Johny Walker]

Thats the one I went for, or should I say my accountant went for.

 

do you have to be doing more forestry than tree surgery for that catargory :confused1:or dosnt matter

[Justme]

Go over your last few years returns & see what you own % would be doing it the normal way. Only use a flat rate scheme if you will be better off.

[skyhuck]

Go over your last few years returns & see what you own % would be doing it the normal way. Only use a flat rate scheme if you will be better off.

 

Thats what we did, we save minimum £800 per years plus its less admin.

[skyhuck]

do you have to be doing more forestry than tree surgery for that category :confused1:or dosnt matter

 

There is NO tree surgery category.

[Highland Forestry]

There is NO tree surgery category.

 

I was always led to believe that the definition of tree surgery was urban forestry.

[skyhuck]

I was always led to believe that the definition of tree surgery was urban forestry.

 

Me too